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(Z0) Sharp Reversal Off Yesterday's Low

US 5YR FUTURE TECHS

RES 4: 126-08+ High Aug 10
RES 3: 126-072 76.4% retracement of the Aug 4 - 28 sell-off
RES 2: 126-06+ High Sep 3 and the bull trigger
RES 1: 126-046 High Sep 30
PRICE: 126-022 @ 11:26 BST, Oct 2
SUP 1: 125-28 Low Oct 1 and key near-term support
SUP 2: 125-25+ Low Sep 4
SUP 3: 125-216 Low Aug 28 and the bear trigger
SUP 4: 125-166 1.00 proj of Aug 4 - 14 sell-off from Sep 3 high

5yr futures reversed course again yesterday, this time higher. The outlook remains bullish. Futures have defined an initial support at 125-28, yesterday's low. An ability to remain above this level would be encouraging for bulls. Attention is on a potential challenge of resistance at 126-06+, Sep 3 high and the bull trigger. Clearance of this hurdle would open the July highs of 126-12+.

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(Z0) Sharp Reversal Off Yesterday's Low

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